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Kudotrade analyst Konstantinos Chrysikos stated on September 9th that U.S. Treasury investors continue to price in expectations of multiple rate cuts in the coming months, posing a risk of further declines in the yield curve if upcoming inflation data unexpectedly falls. He noted that the August producer price index (PPI) data, released on Wednesday, and the consumer price index (CPI) data on Thursday will play a key role in shaping short-term market sentiment. "If the data is weaker, it will reinforce market expectations of an aggressive easing policy by the Federal Reserve and further increase pressure on the dollar and yields," he said. He added that even if the data is stronger than expected, it is unlikely to change the overall dovish policy stance.U.S. Republican Congressman Smith: The Republican Party has fulfilled all its promises on taxation.Wells Fargo (WFC.N) Chief Financial Officer: Consumer conditions are strong, spending is increasing and default rates are low.Russian Deputy Prime Minister Novak: The Syrian President will visit Moscow to attend the Russia-Arab summit.On September 9th, Saudi Aramco cut the official selling price of its Arab Light crude oil to Asia by more than expected, indicating that the worlds largest crude oil exporter is using pricing to boost the attractiveness of its crude while continuing to increase production. DNB Carnegie analysts said the price reduction was $1 per barrel, compared to the markets previous expectation of a $0.50 per barrel drop. Analysts said this may indicate that Saudi Arabia is using pricing to push increased production into the market.

Coinbase NFT Beta Goes Live With No Transaction Fees

Cameron Murphy

Apr 21, 2022 09:41


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NFT is now available to Coinbase users

Coinbase NFT, which is based on the Ethereum network, already has a number of NFT collections available, including Cool Cats and Doodles, both of which have a floor price of 19.99 ETH (61.2k) and 10 ETH (30.6k), respectively.


Because this is a beta, Coinbase has announced that they will not be charging transaction fees for a short time, but when they do, they will be in line with industry norms. 


"We're beginning with a select group of beta testers who'll be invited depending on their place on our waitlist," the release said. We'll begin at the top of the queue and gradually provide access to additional folks. Beta testers will be able to establish a Coinbase NFT profile and use any self-custody wallet to purchase and sell NFTs, whether it's Coinbase Wallet or something else."


Coinbase will also work to establish a strong NFT community on the platform itself, enabling users to remark on collections and starting a dialogue where artists and collectors can connect.


Drops, minting, token-gated communities, and the ability to purchase NFTs using a Coinbase account or a credit card will all be added to Coinbase NFT in the future. In the future, the marketplace will include support for additional blockchains, decentralizing the whole platform.

Not on the Charts, but on the Cards is Coinbase.

While the news is a significant step forward for the cryptocurrency exchange, the price of its token has not reflected this. Intraday pricing saw Coinbase trading at $147 at the time of writing, down 4.47 percent from its starting price of $154.


While there is still time until the market closes and if the story gains traction, prices may recover and even record gains, for the time being, Coinbase NFT has failed to impress stock market investors.

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